Nepal Compact Signing Ceremony

  • Steve Ruark for MCC

    Officials gather after the signing of the Nepal Compact, Thursday, Sept. 14, 2017 in Washington, D.C. The five-year, $500 million compact will help strengthen Nepal's energy sector, improve regional energy connectivity and control transportation costs to encourage growth, private investment and job creation.

  • Steve Ruark for MCC

    Jonathan Nash, Acting CEO of Millennium Challenge Corporation, addresses guests before the signing of the Nepal Compact, Thursday, Sept. 14, 2017 in Washington, D.C.

  • Steve Ruark for MCC

    U.S. Deputy Secretary of State John J. Sullivan, center, speaks before the signing of the Nepal Compact, Thursday, Sept. 14, 2017 in Washington, D.C.

  • Steve Ruark for MCC

    Nepal's Minister of Finance Gyanendra Bahadur Karki speaks before the signing of the Nepal Compact, Thursday, Sept. 14, 2017 in Washington, D.C.

  • Steve Ruark for MCC

    Nepal's Minister of Finance Gyanendra Bahadur Karki, seated left, and acting CEO of Millennium Challenge Corporation Jonathan Nash, seated right, sign the Nepal Compact on Thursday, Sept. 14, 2017 in Washington, D.C.

On September 14, 2017, MCC and the Government of Nepal signed a $500 million compact to spur economic growth and reduce poverty in Nepal. Nepali Minister of Finance Gyanendra Bahadur Karki and Acting MCC CEO Jonathan Nash joined Deputy Secretary of State John J. Sullivan at the U.S. State Department in Washington, D.C., for the signing ceremony.

Related Country Programs

  • Nepal Compact

    The MCC Nepal Compact will increase the availability of electricity and lower transportation costs—helping to spur investments, accelerate economic growth, and reduce poverty.